Jones Financial Companies Lllp Has $134,000 Holdings in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP)

Jones Financial Companies Lllp lifted its position in Coca-Cola Europacific Partners PLC (NASDAQ:CCEP) by 135.4% in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 1,749 shares of the company’s stock after purchasing an additional 1,006 shares during the quarter. Jones Financial Companies Lllp’s holdings in Coca-Cola Europacific Partners were worth $134,000 at the end of the most recent reporting period.

A number of other large investors have also modified their holdings of CCEP. Aigen Investment Management LP bought a new stake in Coca-Cola Europacific Partners in the third quarter valued at $268,000. MQS Management LLC acquired a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth about $225,000. Oppenheimer & Co. Inc. raised its position in shares of Coca-Cola Europacific Partners by 15.5% during the third quarter. Oppenheimer & Co. Inc. now owns 4,317 shares of the company’s stock worth $340,000 after purchasing an additional 579 shares during the period. Plato Investment Management Ltd acquired a new stake in shares of Coca-Cola Europacific Partners during the third quarter worth about $50,000. Finally, KBC Group NV raised its position in shares of Coca-Cola Europacific Partners by 1.5% during the third quarter. KBC Group NV now owns 36,638 shares of the company’s stock worth $2,885,000 after purchasing an additional 554 shares during the period. 31.35% of the stock is currently owned by institutional investors and hedge funds.

Coca-Cola Europacific Partners Stock Up 1.4 %

CCEP stock opened at $83.40 on Friday. The company has a quick ratio of 0.63, a current ratio of 0.81 and a debt-to-equity ratio of 1.11. The business has a 50 day moving average price of $80.81 and a two-hundred day moving average price of $79.00. The company has a market cap of $38.44 billion, a price-to-earnings ratio of 17.16, a P/E/G ratio of 4.89 and a beta of 0.91. Coca-Cola Europacific Partners PLC has a twelve month low of $65.94 and a twelve month high of $88.39.

Analyst Upgrades and Downgrades

A number of equities research analysts have recently commented on CCEP shares. Barclays raised their price target on Coca-Cola Europacific Partners from $92.00 to $98.00 and gave the stock an “overweight” rating in a research report on Thursday, March 6th. Kepler Capital Markets lowered Coca-Cola Europacific Partners from a “hold” rating to a “reduce” rating in a research report on Tuesday, February 25th. Sanford C. Bernstein assumed coverage on Coca-Cola Europacific Partners in a report on Tuesday, December 3rd. They set a “market perform” rating and a $82.00 price objective for the company. JPMorgan Chase & Co. downgraded Coca-Cola Europacific Partners from an “overweight” rating to a “neutral” rating and decreased their price objective for the stock from $85.00 to $82.00 in a report on Wednesday, November 27th. Finally, UBS Group increased their price objective on Coca-Cola Europacific Partners from $82.50 to $90.00 and gave the stock a “buy” rating in a report on Thursday, December 12th. One investment analyst has rated the stock with a sell rating, four have issued a hold rating, seven have issued a buy rating and one has given a strong buy rating to the company. According to MarketBeat, the company presently has an average rating of “Moderate Buy” and a consensus target price of $86.67.

About Coca-Cola Europacific Partners

Coca-Cola Europacific Partners PLC, together with its subsidiaries, produces, distributes, and sells a range of non-alcoholic ready to drink beverages. It offers flavours, mixers, and energy drinks; soft drinks, waters, enhanced water, and isotonic drinks; and ready-to-drink tea and coffee, juices, and other drinks.